Paladin Realty’s Villas del Fresno project in Mexico City has been certified by the IFC’s Excellence in Design for Greater Efficiencies program. The project is being developed in partnership with local Mexican developer, Casas Krea, which focuses exclusively on low-income housing in and around Mexico City.
(Institutional Real Estate) Paladin Realty Partners announced that its Villas del Fresno project in Mexico City has been certified by the IFC’s Excellence In Design for Greater Efficiencies program, making it the largest such residential project in the Western Hemisphere, both in terms of number of units and buildable area.
Homeowners will enjoy an estimated 24 percent reduction in water consumption and 28 percent reduction in electricity usage, while embodied energy in building materials will be 74 percent lower than regional averages.
The project is being developed in conjunction with local Mexican development partner, Casas Krea, which focuses exclusively on low-income housing in and around Mexico City.
The project broke ground this month and will commence sales in early 2019.
“Receiving EDGE certification for Villas del Fresno once again reaffirms Paladin’s long- standing commitment to sustainable development,” said Randall Loker, chief investment officer and member of Paladin’s ESG committee. “We are excited for this particular project due to its scale and the ability to create a whole new community which will greatly improve the quality of life for its residents.”
The homes at Villas del Fresno will feature solar-powered hot water collectors, LED lighting, low-flow toilets/faucets/showerheads, insulative waterproofing, and natural ventilation, among other features. Additionally, community amenities will include three schools, 2.4 acres of parks, extensive walking paths, four sports courts, outdoor exercise areas with equipment, and BBQ areas, among others.